Structured Deposits Only

Important information about compensation arrangements

The Financial Services Compensation Scheme (FSCS) is the UK’s compensation fund for customers of authorised financial services firms. If a firm becomes insolvent or ceases trading the FSCS may be able to pay compensation to the firm’s customers. If your money isn’t returned to you, you can make a claim through them against the bank or building society that was holding your money. Most depositors including most individuals and small businesses are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £75,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £75,000 each (making a total of £150,000). The £75,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank or building society, including their share of any joint account, and not to each separate account.

You can find out more about the FSCS (including the amounts covered and eligibility to claim) by visiting its website www.FSCS.org.uk or by calling 0800 678 1100.

If your deposit is held with BNP Paribas, a bank operating in France, the compensation scheme arrangements are as follows.

The Fonds de Garantie des Dépôts et de Résolution (FGDR) is the French compensation fund for customers of all banks and credit institutions operating in France. If a bank or credit institution becomes, or is about to become, insolvent, the FGDR may be able to pay compensation. If your money isn’t returned to you, the banks or credit institutions operating in France can make a claim on your behalf. Most depositors including most individuals and small businesses are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to 100,000 euros. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be €100,000 each (making a total of €200,000). The €100,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank or building society, including their share of any joint account, and not to each separate account.

You can find out more about the FGDR (including the amounts covered and eligibility to claim) by visiting its website www.garantiedesdepots.fr/en or by calling +33 1 58 18 38 08.